Friday, 24 March, 2023

Bike Bazaar secures Rs 170 Cr in funding led by Women’s World Banking Management

<p>Bike Bazaar reported raising Rs 170 Cr in equity finance, with Women&#39;s World Banking Asset Management serving as the lead investor. Elevar Equity, which made the first investment in Bike Bazaar, still owns the majority of the company. The company wants to use the capital to expand both its marketplace business for the sale and acquisition of secondhand two-wheelers as well as its operations in rural India.</p>